> When I hear people talk about doing what you can to not have mass layoffs I don't think what they mean is that the company has an obligation to the employees

> When I hear people talk about doing what you can to not have mass layoffs I don't think what they mean is that the company has an obligation to the employees that overrides their obligations to their shareholders Depends on who's talking/the situation. When you hear people talking about not closing a profitable factory instead of laying people off to delocalize, that's pretty much what they mean.